Spain’s consumer prices rise 1.5 pct in June

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Spain’s consumer prices rose 1.5 percent in June when compared to June 2016, according to the Consumer Price Index (CPI), Spain’s Statistical Office (INE) confirmed.

The rate is 0.4 percent lower than that of May, when consumer prices rose by 1.9 percent year-on-year.

Prices of transport increased by 1.8 percent in June, those of items related to housing rose by 3.6 percent, and food and non-alcoholic drink prices increased by 0.8 percent, while prices of items related to the hotel industry rose by 2.2 percent. Leisure and culture prices went up by 1.4 percent year-on-year.

Spanish consumer prices rose by 3.0 percent in January year-on-year and again by 3.0 percent in February. They rose by 2.3 percent in March, and by 2.6 percent in April.

Spain’s consumer prices have been rising for ten consecutive months on a year-on-year basis after having registered negative rates for eight months in a row.

On a month-to-month basis, the rate stood at zero percent, showing no differences from May to June.

Spain’s Secretary of State for Economy, Irene Garrido, said the government expected the CPI to fall below 1.0 percent by the end of the year.